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USDSEK

(Last Updated January 23, 2021)

Welcome to the news page for USDSEK (USDSEK). Below you’ll find our daily market updates. Here’s a technical and fundamental summary of where things currently stand:

Forex Calendar for USDSEK

metric_name reference_period asset_name asset_id date time forecast outcome
United States Chicago Fed National Activity Index Dec 2020 US Dollar USD 2021-01-25 13:30 GMT
United States Dallas Fed Manufacturing Index Jan 2021 US Dollar USD 2021-01-25 15:30 GMT
United States S&P/Case-Shiller Home Price YoY Nov 2020 US Dollar USD 2021-01-26 14:00 GMT 8.1%
United States S&P/Case-Shiller Home Price MoM Nov 2020 US Dollar USD 2021-01-26 14:00 GMT
United States CB Consumer Confidence Jan 2021 US Dollar USD 2021-01-26 15:00 GMT 89

The Trend

As for trends on USDSEK, we’re seeing an uptrend on shorter timeframes — but a downtrend on the 90 day timeframe. The countertrend on the shorter timeframe may provide an opportunity to sell for those interested in playing the longer term trend.

USDSEK Moving Averages

The moving averages on USDSEK indicate a trend that is clearly bearish. Moreover, it should also be noted that the 20 SMA just turned bearish today.

Below is a chart showing USDSEK’s price with its moving averages.

In terms of correlations over the past week for USDSEK, it has been most correlated with GBPJPY. Over the past 14 days, however, EURUSD is the asset most correlated to USDSEK. On the flip side, GBPAUD has been the asset least correlated with USDSEK — but over the past two weeks, the asset least correlated with USDSEK has been GBPUSD. The chart below illustrates USDSEK against its least correlated assets.

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The View From the Weekly Timeframe

At the time of this writing, USDSEK’s rate is down -1141 pips (-1.36%) from the week prior. Moreover, note that this is a reversal of the price action on the previous week, in which price moved up. Regarding the trend, note that the strongest trend exists on the 20 week timeframe. Looking further out, the moving averages on the weekly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. USDSEK’s weekly price action over the past 52 weeks can be seen via the chart below.

USDSEK: The Monthly View

Clearest trend on the monthly is apparent at the 60 month timeframe.

USDSEK Up 21 Pips On Hourly Chart, Came Into Today Down For the 2nd Consecutive Day; in a Downtrend Over Past 14 Days

Categories Forex News Tags USDSEK
January 7, 2021January 6, 2021

Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving down.

USDSEK Down 41 Pips On Hourly Chart, Moves Up For the 2nd Consecutive Day; in a Downtrend Over Past 14 Days

Categories Forex News Tags USDSEK
January 6, 2021January 5, 2021

Given that we see downtrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.

USDSEK Down 109 Pips in Last Hour; Entered Today Up For the 2nd Day In A Row

Categories Forex News Tags USDSEK
January 5, 2021January 4, 2021

The clearest trend exists on the 30 day timeframe, which shows price moving down over that time.

USDSEK Up 94 Pips On Hourly Chart, 2 Day Down Streak Snapped; in a Downtrend Over Past 14 Days

Categories Forex News Tags USDSEK
January 4, 2021January 1, 2021

This is a reversal of the price action on the previous hour, in which price moved down.

USDSEK Down 29 Pips On Hourly Chart, 2 Day Down Streak Ended; in a Downtrend Over Past 14 Days

Categories Forex News Tags USDSEK
January 1, 2021December 31, 2020

The clearest trend exists on the 30 day timeframe, which shows price moving down over that time.

USDSEK Down 79 Pips in Last Hour, Moves Down For the 2nd Day In A Row; in a Downtrend Over Past 14 Days

Categories Forex News Tags USDSEK
December 31, 2020December 30, 2020

Compared to its peers in the forex, usdsek gave its buyers a return that ranked 25th in terms of percentage change since the previous day.

USDSEK Down 91 Pips Over Past Hour, Underperforms All Forex; in a Downtrend Over Past 14 Days

Categories Forex News Tags USDSEK
December 30, 2020December 29, 2020

This is a reversal of the price action on the previous hour, in which price moved up.

USDSEK Down 74 Pips Over Past Hour, 2 Day Down Streak Broken; Doji Pattern Appearing on Chart

Categories Forex News Tags USDSEK
December 29, 2020December 28, 2020

The clearest trend exists on the 14 day timeframe, which shows price moving down over that time.

USDSEK Up 116 Pips in Last Hour, Moves Down For the 2nd Straight Day; in a Downtrend Over Past 30 Days

Categories Forex News Tags USDSEK
December 28, 2020December 25, 2020

If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe.

USDSEK Down 10 Pips Over Past Hour, Entered Today Down For the 2nd Straight Day; in a Downtrend Over Past 14 Days

Categories Forex News Tags USDSEK
December 25, 2020December 24, 2020

Given that we see downtrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.

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